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Bullboard - Stock Discussion Forum Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."

GREY:HRTPF - Post Discussion

Petro Rio S.A. > SPECIAL: Milton Franke, HRT, says the company is pacified
View:
Post by Debora on Aug 27, 2014 9:23pm

SPECIAL: Milton Franke, HRT, says the company is pacified

VALOR PRO
Claudia Schüffner
From Rio
 
A year and three months after the departure of the founder Márcio Mello presidency of HRT, the company wants to show that it is leaner and, say, humble under the direction of Milton Franke. The grandiose plans to find very light oil in the Amazon and equal volumes of the pre-salt in Namibia led to the intention of using the cash of R $ 365 million to buy mature assets already in production. "Our strategy, when we had to rethink HRT, was to be a more balanced company with exploration and production," explains Franke. "HRT today is a buyer of assets of production while seeking partners in Africa".
For acquisitions in Brazil, the target fields are on land or at sea, preferably in the Campos Basin (RJ), to make operational synergies. Despite the coveted license operator A in Brazil, which enables to operate in deep waters, HRT does not care to be the new area operator. For anyone not understanding the change in direction, Franke makes a point of stressing that HRT "has appetite but not as strong" as before.
Comment by NorthSun on Aug 27, 2014 10:10pm
This post has been removed in accordance with Community Policy
Comment by Debora on Aug 27, 2014 11:37pm
Tks
Comment by robnhood on Aug 28, 2014 7:59am
Yeah North Nut, and if Debora posts something that you don't like , you can remove it. Right? PS: there was a FEELY in your post. lol
Comment by swaggart on Aug 28, 2014 11:56am
Debora, Good post. Keep posting here on HRT Stockhouse...this board is composed of the small number of winners, who with the exception of dimsum aka northnut, made money on HRT....IHUB HRT board is where the former cheerleaders of HRT at $10, who suffered massive losses, went to hide out and all posts that don't comform to moderator northnut's warped perceptions are deleted. Stick with ...more  
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